Straight from Benzinga newsdesk, hosts Brent Slava and Steve Krause bring you the market news and stocks to watch.

In Today's episode:

• Spac-redemption list: REVB ANGH CPTN MULN NRGV QNGY ISPO
• what is low-float?
• what is a peer play?
• will OSTK get you exposure to tZERO?

Today's 5 Stock Ideas:

• American Axle (AXL) - A sympathy play following news out of peer in the auto parts space, Tenneco (TEN). Tenneco shares were up nearly 100% following news it will be acquired by Apollo (APO).
• Overstock.com (OSTK) - A play on blockchain and digital assets. Shares were up 11% Wednesday morning following news Tuesday evening owner of the NYSE, Intercontinental Exchange (ICE), made an investment in Overstock's tZERO digital assets platform.
• Indonesia Energy (INDO) - A momentum play from this week. The stock was up another 13% Wednesday morning following a 40+% rally on Tuesday. The Benzinga newsdesk team did not see any specific news to justify the move higher. Indonesia Energy is a "low-float play" with about 2 million shares in its float.
• Quanergy (QNGY) - A special purpose acquisition corporation (SPAC) redemption play from this week. Shares of several former SPACs saw increased investor attention and volume this week -- Quanergy being one of those. Quanergy Wednesday morning announced it's smart LiDAR technology was selected by Digital Mortar.
• Mullen Technologies (MULN) - A penny stock play on the electric vehicle industry. Shares were up 30% in pre-market action Wednesday. The Benzinga newsdesk did not see news to justify the move higher.

Tease of the day:

Detroit Rocket Companies RKT

Hosts:

Steve Krause

Sr. Reporter Benzinga Newsdesk

Brent Slava

Head of Benzinga Newsdesk

pro.benzinga.com

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

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